Morningstar analyst report is out for BOQ annual report - the headline "No Major Surprises... and $12 Fair Value Unchanged"
Result was mildly below their expectations and moderately below market consensus.
Comments included weak net interest margin & increase in cost/income ratio and positive remarks on profit growth, lower expense growth guidance and improvement in loan quality.
A notable quote - the soft result was expected and highlighted tough operating conditions facing small regional banks.
Hopefully operating conditions will be on the improve during FY 2017.
SK.
Report
Morningstar analyst report is out for BOQ annual report - the...
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